Illinois Compiled Statutes 735 ILCS 5 Code of Civil Procedure. Section 12-170

    (735 ILCS 5/12-170) (from Ch. 110, par. 12-170)

    Sec. 12-170. Levy upon corporate stock. The share or interest of a stockholder in any corporation may be levied upon in the enforcement of a judgment, and sold as hereinafter provided; but in all cases, where such share or interest has been sold or pledged in good faith for a valuable consideration, and the certificate thereof has been delivered upon such sale or pledge, such shares or interest shall not be liable to be levied upon in the enforcement of a judgment against the vendor, or pledgor, except for the excess of the value thereof over and above the sum for which the same may have been pledged and the certificate thereof delivered.

(Source: P.A. 82-280.)

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Last modified: February 18, 2015